Sourcepoint, a Firstsource company, has entered into a definitive agreement to acquire The StoneHill Group. The acquisition enhances Sourcepoint’s mortgage offerings with domain expertise – backed by a proprietary platform – for mortgage quality control (QC) and due diligence, while also increasing access to mid-market companies.
“This acquisition is very complementary and provides us adjacent capabilities in the mortgage value chain,” says Vipul Khanna, MD, and CEO of Firstsource Solutions. “It enables us to scale the business by leveraging the strong demand for residential mortgage loan trading and securitization. We’re particularly excited about integrating the offerings of our companies to provide the best-in-class, end-to-end mortgage solutions to both mid- and large market customers.”
Firstsource Solutions, a global provider of business process management (BPM) services and a RP-Sanjiv Goenka Group company, is a provider of transformational solutions and services for the banking and financial services, healthcare, communications, media and technology industries. A loan QC leader, The StoneHill Group was founded in 1996 by David Green.
“Sourcepoint has extensive experience in growing capabilities and businesses and has become a market leader by helping mortgage lenders and servicers operate with greater agility,” states David Green, chairman and CEO of the StoneHill Group. “We consider them a perfect fit and look forward to leveraging their resources and industry reach to take our company to new heights.”